Home › Sunil Mittal bids for bankrupt satellite company OneWeb supported by UK govt
 

Keywords :   


Sunil Mittal bids for bankrupt satellite company OneWeb supported by UK govt

2020-06-30 02:00:00| Total Telecom industry news

OneWeb, a UK-based low-Earth orbit (LEO) satellite company, has found itself under financial strain since its inception back in 2012. Despite backers including SoftBank, Airbus and Qualcomm, the satellite company has struggled to obtain financing, resulting in a slew of debts that now top $3.3 billion.   The company filed for bankruptcy in March this year citing financial strain caused by the pandemic…read more on TotalTele.com »

Tags: company uk supported satellite

Category:Telecommunications

Latest from this category

All news
07.01Microsoft 365 Copilot Business Signals a New Phase of AI Adoption for SMBs
04.01From AI Ambition to Enterprise Reality: Your Playbook for Winning the AI Game
Telecommunications »
10.01This Week in Agribusiness, January 10, 2026
10.01This Week in Agribusiness, January 10, 2026
10.01Musk says X outcry is 'excuse for censorship'
10.01'Out of stock': What went wrong at luxury retailer Saks?
10.01'Unprecedented' numbers seeking debt help post-Christmas, say charities
10.01'Unprecedented' numbers seeking debt help post-Christmas, say charities
09.01Trump's Venezuela oil meeting starts with few concrete promises
09.01EU reaches South America trade deal after 25 years of talks
More »